MIRA INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
ALAMIR COMPANY MANUFACTURING & PREPARING
AGRO PRODUCTS |
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Registered Office : |
Damanhour Road,
Abu El Matamir, Hosh Eissa, Beheira |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1978 |
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Legal Form : |
General Partnership |
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Line of Business : |
Packaging and distribution of agricultural crops, beans, sesame and pumpkin seeds, marrows, peanuts, peas, rice and fennel |
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No. of Employees
: |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Egypt |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : ALAMIR COMPANY MANUFACTURING & PREPARING AGRO
PRODUCTS
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 1978
Partners Capital : £E 250,000
Total Workforce : 50
Activities : Packaging and distribution of agricultural crops, beans, sesame and
pumpkin seeds, marrows, peanuts, peas, rice and fennel.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ALAMIR COMPANY MANUFACTURING & PREPARING
AGRO PRODUCTS
company ADDRESS
Registered &
Physical Address
Street : Damanhour Road
Area : Abu El Matamir, Hosh Eissa
Town : Beheira
Country : Egypt
Telephone : (20-45) 2702911 / 2702386 / 2700386
Facsimile : (20-45) 2705911
Mobile : (20-122) 3138631
Email : info@alamireg.com / farouk@alamireg.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Beheira.
KEY PRINCIPALS
Name Position
·
Farouk
Mahmoud Mohamed Afash Managing
Partner
·
Amir
Mahmoud Mohamed Afash Partner
·
Nahed
Moustafa Abd El Aziz Financial
Manager
·
Alaa
Mohamed Public
Relations Manager
·
Khaled
Moustafa Production
Manager
·
Abd El
Aziz Moustafa Abd El Aziz Technical
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1978
Legal Form :
General Partnership
Partners Capital : £E 250,000
Name of Partner
(s)
·
Farouk
Mahmoud Mohamed Afash
·
Amir
Mahmoud Mohamed Afash
OPERATIONS
Activities: Engaged in the import, packaging and
distribution of agricultural crops, beans, sesame and pumpkin
seeds, marrows, peanuts,
peas, rice and fennel.
Import
Countries: United Kingdom
and South America
Export Countries:
Liberia, Tunisia, Saudi Arabia, Kuwait, Syria, Italy, Romania, Spain, France,
United Arab Emirates,
Sudan, Jordan, Morocco, Africa, South America and Asia.
Operating Trend: Steady
Subject has a
workforce of 50 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E 11,475,000 £E 12,200,000
Local sources
consider subject’s financial condition to be Good / Fair / Poor.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab
Bank Plc
PO Box: 68
Cairo
Tel: (20-2) 33029069 / 33029070
Fax: (20-2) 33029068
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.15 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.